At the time of writing, Abbvie Inc [ABBV] stock is trading at $175.27, up 3.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The ABBV shares have gain 4.24% over the last week, with a monthly amount glided 3.96%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Abbvie Inc [NYSE: ABBV] stock has seen the most recent analyst activity on June 05, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $185 for it. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on May 17, 2024, and set its price target to $200. On January 29, 2024, upgrade upgraded it’s rating to Outperform. HSBC Securities downgraded its rating to a Hold. Goldman upgraded its rating to a Buy. Deutsche Bank started tracking with a Hold rating for this stock on November 09, 2023, and assigned it a price target of $150. In a note dated October 30, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $160 to $170.
For the past year, the stock price of Abbvie Inc fluctuated between $134.56 and $182.89. Currently, Wall Street analysts expect the stock to reach $165.5 within the next 12 months. Abbvie Inc [NYSE: ABBV] shares were valued at $175.27 at the most recent close of the market. An investor can expect a potential drop of -5.57% based on the average ABBV price forecast.
Analyzing the ABBV fundamentals
According to Abbvie Inc [NYSE:ABBV], the company’s sales were 54.40B for trailing twelve months, which represents an 0.70% jump. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.55 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 171.27 points at the first support level, and at 167.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.50, and for the 2nd resistance point, it is at 179.74.
Ratios To Look Out For
It is important to note that Abbvie Inc [NYSE:ABBV] has a current ratio of 0.94. On the other hand, the Quick Ratio is 0.83, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 38.65 and price to earnings (TTM) ratio is 52.19.
Transactions by insiders
Recent insider trading involved Donoghoe Nicholas, EVP, CHIEF BUS/STRAT OFFICER, that happened on Mar 20 ’24 when 21082.0 shares were sold. EVP, CHIEF COMMERCIAL OFFICER, Stewart Jeffrey Ryan completed a deal on Mar 18 ’24 to sell 58949.0 shares. Meanwhile, EVP, CHIEF HR OFFICER RICHMOND TIMOTHY J. sold 75680.0 shares on Mar 01 ’24.
